Western Asset High Income Fund II (NYSE:HIX) Share Price Crosses Below 200-Day Moving Average – Here’s Why

Western Asset High Income Fund II Inc. (NYSE:HIX)’s stock price crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $4.23 and traded as low as $4.22. Western Asset High Income Fund II shares last traded at $4.24, with a volume of 202,355 shares.

Western Asset High Income Fund II Stock Down 0.1%

The firm has a 50 day moving average price of $4.08 and a 200 day moving average price of $4.23.

Western Asset High Income Fund II Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Friday, August 22nd will be paid a $0.049 dividend. The ex-dividend date is Friday, August 22nd. This represents a $0.59 annualized dividend and a dividend yield of 13.88%.

Institutional Investors Weigh In On Western Asset High Income Fund II

Several hedge funds and other institutional investors have recently modified their holdings of HIX. Wells Fargo & Company MN increased its stake in shares of Western Asset High Income Fund II by 4,343.7% in the 4th quarter. Wells Fargo & Company MN now owns 1,668,693 shares of the closed-end fund’s stock worth $7,025,000 after purchasing an additional 1,631,141 shares in the last quarter. Ameriprise Financial Inc. increased its stake in shares of Western Asset High Income Fund II by 85.7% in the 4th quarter. Ameriprise Financial Inc. now owns 781,455 shares of the closed-end fund’s stock worth $3,290,000 after purchasing an additional 360,547 shares in the last quarter. Shaker Financial Services LLC increased its stake in shares of Western Asset High Income Fund II by 127.4% in the 1st quarter. Shaker Financial Services LLC now owns 609,954 shares of the closed-end fund’s stock worth $2,572,000 after purchasing an additional 341,690 shares in the last quarter. Quarry LP purchased a new stake in shares of Western Asset High Income Fund II in the 4th quarter worth $896,000. Finally, Raymond James Financial Inc. purchased a new stake in shares of Western Asset High Income Fund II in the 4th quarter worth $827,000.

About Western Asset High Income Fund II

Western Asset High Income Fund II Inc is a closed-ended fixed income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. The fund is co-managed by Western Asset Management Company, Western Asset Management Company Limited, and Western Asset Management Company Pte. Ltd. It invests in the fixed income markets across the globe.